Fuel prices remain on shaky ground, as projected increases for May show an almost R2 hike in petrol and more than R5 for diesel.

There is also uncertainty around the R3 per litre fuel levy relief introduced in April.

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The relief is set to expire on 6 May, and if not extended — or reintroduced gradually — next week’s increases could be higher.

According to Business Tech, the latest data from the Central Energy Fund (CEF) shows fuel prices are on track for a significant increase despite earlier projections having eased slightly.

Based on current CEF data for the review period ending 30 April, the following increases are expected:
· Petrol 93: up by R1.82 per litre
· Petrol 95: up by R2.14 per litre
· Diesel (0.05%): up by R5.92 per litre
· Diesel (0.005%): up by R5.93 per litre
· Illuminating paraffin: up by R4.99 per litre

Why prices are rising

The main driver behind the increases is the global oil price, which has surged amid ongoing conflict in the Middle East.

South Africa, which imports a lot of fuel, remains exposed to these international price shifts.

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Although the rand has held relatively steady, it hasn’t been strong enough to offset the spike in oil prices, which have climbed back above $100 a barrel in recent weeks.

This latest increase follows April’s fuel price hike, meaning motorists are facing back-to-back months of rising costs.

What it means for Zululand motorists

For residents across Zululand, the timing makes it challenging. Increased travel over the long weekend, combined with rising fuel costs, is likely to place additional strain on household budgets.

Businesses, particularly those reliant on transport and logistics, may also feel the pinch, with knock-on effects likely reaching consumers in the coming weeks.

With global tensions still unresolved, fuel prices are expected to remain unpredictable.

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